Using Excel to Compute Overhead Applied for Activity-Based Costing PROBLEM Spud, Inc. a manufacturer of gourmet snacks, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2022. Estimated Activity Cost Pools Overhead Estimated Use of Cost Drivers Per Activity Ordering and receiving $ 84,000 12,000 orders Food processing 480,000 60,000 machine hours 1,760,000 40,000 labor hours Packaging 5 The following activities occurred during 2022. 5 7 Number of orders 7,000 3 Number of machine hours 40,000 9 Number of labor hours 25,000